Ultra Profitable Gentlemen's Club / Restaurant

www.GlobalBX.com

Listing ID: 700273310

Listing Title: Ultra Profitable Gentlemen's Club / Restaurant

Quick Link: http://www.globalbx.com/listing.asp?bId=273310

Industry: Bars and Nightclubs

Industry Segment: Nightclubs

Country: United States

State / Province:

Area

City:

Asking Price Range: $1.0M - $2.5M

Gross Revenues: $7,900,000

Cash Flow: $5,500,000

Cash Flow Type: EBITDA

Year Established: 1990

Number of Employees: 20 - 34

Business Description:
SEEKING SILENT AND/OR WORKING PARTNER I am buying three gentlemen's club and seeking one silent and/or working partner to join me in the purchase of each club. You must have one-million dollars to join any of the three ongoing operations as a silent and/or working partner. I can pay a base salary of $250,000 per year if you wish to be a working partner, with a percentage of the net profits to be negotiated. If you only wish to be a silent partner assisting me with putting together the upfront payment required to take over any or all of the clubs, similarly, a percentage of the net profits can be negotiated. The 3 clubs currently net approximately $5.5+ million per year collectively, so there is plenty of room for another partner looking for a great deal. The clubs are well established, and operate essentially recession-proof over a long period of time with consistently strong net revenues (with financials to back this up). The current owner is retiring after 20 years in the industry and is giving one of his former top execs (me) the chance to take over the clubs. I will arrange for any additional capital to be put in and/or financing. IF YOU KNOW THIS INDUSTRY THE NET TO GROSS RATIO IS HIGHER THAN MOST INDUSTRIES, APPROACHING 73% PROFITS. FULL FINANCIALS AND TAX RETURNS AVAILABLE AFTER INTIAL IN-PERSON DISCUSSIONS AND THEN SIGNING A FORMAL NON-DISCLOSURE AND NON-COMPETE AGREEMENT. IF INTERESTED SEND: - Your full name, email and Phone Number - State where you reside and confirmation that you read the ad and understand that no partner will be accepted without $1 million to join the enterprise. We have senior managers at each facility and I only need a silent partner and/or on-site owner / operator to assist me with acquiring the clubs. PLEASE UNDERSTAND WE CAN ONLY REPLY TO SERIOUS INQUIRIES THAT INCLUDE ALL FIVE PIECES OF INFORMATION REQUESTED ABOVE. KEY WORDS: strip club, gentleman's club, gentlemen's club, nightclub, night club, club, resta



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